The demonetisation effect: Now, you can soon swipe cards at kirana stores

Sections of small and medium sized merchants who were resisting the switch over to digital payments, are now queuing up to make the switch and install more POS terminalsPratik Bhakta | ET Bureau | November 11, 2016, 10:21 IST

Gear up to swipe your card with the kirana wala or paanwala at the corner of your street for payments, as these merchants who were dealing in cash till now are finding means to move to the digital highway.

With the latest move by the government to curb black money, point of sale (POS) manufacturing companies have seen a doubling of demand from this segment of merchants in the past two days.

“The number of transactions over the last two days on our POS terminals has doubled. We have received more than a thousand requests overnight for the installation of new terminals.

Kapoor said a section of small and medium sized merchants and professionals who were resisting the switch over to digital payments, are now queuing up to make the switch and install more POS terminals.